Unipres Corporation · TSE:5949
Unipres — Q3 FY2021 Earnings Presentation
29 slides from Unipres's earnings presentation, February 2022
Slide 1: FY2021 3rd Quarter Financial Results
FY2021 3rd Quarter Financial Results
Slide 2: FY2021 3Q Financial Results / Forecast of FY2021
FY2021 3Q Financial Results Forecast of FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2
Slide 3: FY2021 3Q Financial Results
FY2021 3Q Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3
Slide 4: Key Highlights for Q3, FY2021 (consolidated-basis)
Key Highlights for Q3, FY2021 (consolidated-basis) Although the COVID-19 pandemic had a limited impact and exchange rates had a positive impact, sales remained 177.3 billion yen and operating loss totaled 11.9 billion yen due to customers’ sharp production cutbacks caused by the global shortage of s
Slide 5: Summary of Q3, FY2021
Summary of Q3, FY2021 Net sales increased by 20.5 billion yen (+13.1%) compared with the same period of the previous year. Operating profit improved by 4.6 billion yen compared with the same period of the previous year. Transition in business results 40 400 Net Sales (billion yen 220.2 Net sales
Slide 6: Consolidated Sales by Product Group
Consolidated Sales by Product Group (billion yen) 3Q, FY2020 3Q, FY2021 Variance Variance Sales % Sales % % Car body press products 130.3 83.1% 150.1 84.7% +19.8 +1.6% Transmission products 22.3 14.2% 23.6 13.3% +1.3 -0.9% Plastic 2.2 1.4% 2.1 1.2% -0.1 -0.2% products Other 2.0 1.3% 1.5 0.8% -0.5 -0
Slide 7: Consolidated Sales by Customer (Nissan Motor-related products)
Consolidated Sales by Customer（Nissan Motor-related products） The composition ratio decreased by 1.7% mainly because of sales decrease of Nissan Motor. 3Q, FY2020 3Q, FY2021 (billion yen) Variance Sales % Sales % Nissan Motor-related products Sub-total 127.4 81.3% 141.1 79.6% -1.7% Dongfeng Motor
Slide 8: Consolidated Sales by Customer (Other Customers)
Consolidated Sales by Customer (Other Customers) The composition ratio rose by 1.7% due to sales increase of MITSUBISHI MOTORS CORPORATION. 3Q, FY2020 3Q, FY2021 (billion yen) Variance Sales % Sales % Other customers Sub-total 29.4 18.7% 36.2 20.4% +1.7% Incl.) Honda of America Mfg., Inc. 3.7 2.3%
Slide 9: Operating Profit Variance Analysis
Operating Profit Variance Analysis (billion yen) 5 0 - -5 -11.9 -16.5 -10 0.3 0.4 2.4 -15 1.6 2.9 -0.6 -0.4 -1.0 -1.0 -20 Volume fluctuation parts new car model Initial cost for adjustment Consolidation reinforcement Production Others amortization Depreciation/ FY2020 Cost saving & model mix etc. SG
Slide 10: Sales/Operating Profit by Region (Japan)
Sales/Operating Profit by Region (Japan) Although recovering from last year’s situation when COVID-19 infections were spreading, net sales decreased slightly due to customers’ production cutbacks caused by the shortage of semiconductor supplies and decreasing sales of dies and equipment. A 4.2 b
Slide 11: Sales/Operating Profit by Region (The Americas)
Sales/Operating Profit by Region (The Americas) Although significant recovery was not made in production level due to customer’s production cuts caused by semiconductor supply shortage, net sales increased by 10.8% as a result of less impact of the pandemic this year and better exchange rates. A
Slide 12: Sales/Operating profit by Region (Europe)
Sales/Operating profit by Region (Europe) Net sales increased by 60.8% due to increasing sales of dies and equipment and the impact of weaker yen exchange rate. A 0.2 billion yen improvement in operating profit was achieved. （billion yen） （billion yen） Net sales Operating profit 40 1 0 30 -0.8 -
Slide 13: Sales/Operating Profit by Region (Asia)
Sales/Operating Profit by Region (Asia) Net sales increased by 14.8% due to the impact of weaker yen exchange rate mainly with China. Operating profit decreased by 0.3 billion yen as a result of the cost of new base in China. （billion yen） （billion yen） Net sales Operating profit 80 8 60 6 40 4
Slide 14: Capital Investment
Capital Investment （billion yen） 40 37.9 Domestic Overseas 31.2 30.7 30 14.2 Annual plan 11.8 9.8 (23.0) 20 16.6 4.2 23.7 10 19.4 20.9 12.4 0 FY2018 FY2019 FY2020 3Q, FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 14
Slide 15: Capital Investment & Depreciation/Amortization
Capital Investment & Depreciation/Amortization （billion yen） 40 設備投資 Capital investment 減価償却費 Depreciation / amortization 30 Annual plan (23.0) Annual plan (20.7) 20 37.9 31.2 30.7 10 19.5 21.2 18.3 16.6 15.1 0 FY2018 FY2019 FY2020 3Q, FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 15
Slide 16: Cash Flows
Cash Flows (billion yen) 30 Cash flow from operating activities Cash flow from investing activities Free cash flow 20 5.6 27.5 10 20.6 19.4 19.4 21.0 15.0 16.1 9.9 3.2 0 -3.8 -6.2 -10 -24.3 -24.8 -20 -30 FY2017 FY2018 FY2019 FY2020 FY2021 3Q 3Q 3Q 3Q 3Q Copyright© UNIPRES CORPORATION, All Rights Res
Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance
Interest-bearing Debt & Net Interest-bearing Debt Balance Interest-bearing debts increased by 10.4 billion yen compared with the end-March, 2021. Net interest-bearing debts including cash and deposits was 58.8 billion yen. （billion yen） 100 長期借入金 Long-term loans payable Interest-bearing debt bal
Slide 18: Forecast of FY2021
Forecast of FY2021 Copyright© UNIPRES CORPORATION, All Rights Reserved. 18
Slide 19: 2021 Consolidated Business Forecast Highlights
2021 Consolidated Business Forecast Highlights １. The impact of the semiconductor supply shortage hit harder than the previous prediction during the third quarter. As our immediate production for this fourth quarter is yet to pick up and future recovery is still unpredictable, we revised down the pr
Slide 20: Consolidated Business Forecast for FY2021
Consolidated Business Forecast for FY2021 Transition in business results 40 400 Net sales (billion yen) 295.6 Net sales 287.0 268.0 Operating profit (billion yen) 30 234.5 259.0 300 20 200 10 Operating profit 100 0 3.3 5.4 0 -3.7 -7.7 -11.3 -10 -100 FY2021 FY2021 -20 FY2021 revised forecast revised
Slide 21: Forecast of Operating Profit Variance Analysis
Forecast of Operating Profit Variance Analysis （billion yen） 5 0 -7.7 -5 -11.3 1.2 -10 0.7 2.0 -2.0 3.9 -1.0 -0.1 -0.9 -0.2 -15 -20 Others reinforcement Production parts new car model Initial cost for Cost saving Forex adjustment Consolidation etc. fluctuation Volume SG&A amortization Depreciation/
Slide 22: Sales/Operating Profit by Region (Japan)
Sales/Operating Profit by Region (Japan) Net sales is projected to increase. A 4.9 billion yen improvement in operating profit is projected through the efforts of reducing new model launching cost.. （billion yen） （billion yen） Net sales Operating profit 150 5 0 100 -4.2 -8.5 -9.1 -5 50 88.2 73.4
Slide 23: Sales/Operating Profit by Region (The Americas)
Sales/Operating Profit by Region (The Americas) Net sales is projected to increase slightly due to customers’ production increase and the impact of weaker yen exchange rate . A 1.2 billion yen improvement in operating profit is projected due to increasing sales and cost reduction efforts. Net sa
Slide 24: Sales/Operating profit by Region (Europe)
Sales/Operating profit by Region (Europe) Net sales are projected to increase mainly due to increasing sales of dies and equipment. Operating profit is projected to decrease due to declining production of the customer. （billion yen） （billion yen） Net sales Operating profit 50 2 40 0 -0.9 30 -2 -
Slide 25: Sales/Operating Profit by Region (Asia)
Sales/Operating Profit by Region (Asia) Net sales projected to grow based on the impact of weaker yen exchange rate mainly with China. Although impacted by customers’ production decrease and the cost of new plant in China, operating profit is projected to increase slightly because of rising sale
Slide 26: ESG Initiative
ESG Initiative Unipres has for the first time been selected as a member of the “FTSE Blossom Japan Index” , a representative ESG investment index. （included in the constituent shares from December, 2021) 【About FTSE Blossom Japan Index 】 ・Developed by FTSE Russell※, a well established world-leading
Slide 27: IR News Mail
IR News Mail Unipres IR News Mail is an email service that offers you the latest information about Unipres. Please subscribe to our IR News Mail. Phone PC Scan two Click the banner dimensional on the top page of code to Unipres website subscribe 27
Slide 28: Exchange Rate Reference
Exchange Rate Reference 3Q, FY2020 3Q, FY2021 Preconditions of （yen） FY2021 forecast Average for Average for At first Full year the period term end the period term end US $ 105.55 103.52 111.47 115.02 108.00 112.36 STG ￡ 136.60 136.01 151.03 150.47 150.00 151.91 EURO 121.13 124.16 130.28 129.90 130.
Slide 29: Precautions for treatment of material
Precautions for treatment of material The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncertain